Companies recipient of foreign investment should be aware of the next DEF deadline

The next deadline is the DEF for the base date of June 30, 2019, which shall be transmitted by September 30, 2019.

09/08/2019

HIGHLIGHTS

Companies recipient of foreign investment should be aware of the next DEF deadline


Pursuant to Central Bank Circular 3,814/2016, amended by Circular 3,822/2017, companies receiving foreign direct investment with assets or equity equal to or greater than BRL 250,000,000.00 are required to file the Economic and Financial Statement (DEF) on dates set by Brazilian Central Bank.

Following the Bacen schedule, the next deadline is the DEF for the base date of June 30, 2019, which shall be transmitted by September 30, 2019.


Penalties


It is noteworthy that the failure to provide DEF or even providing false, incomplete, inaccurate information or report after deadline may result in a penalty.

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<h1>Companies recipient of foreign investment should be aware of the next DEF deadline</h1>
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<p>Pursuant to <a href=”https://www.bcb.gov.br/pre/normativos/busca/downloadNormativo.asp?arquivo=/Lists/Normativos/Attachments/48812/Circ_3689_v9_L.pdf” target=”_blank”>Central Bank Circular 3,814/2016</a>, amended by Circular 3,822/2017, <b>companies receiving foreign direct investment with assets or equity equal to or greater than BRL 250,000,000.00 are required to file the Economic and Financial Statement (DEF)</b> on dates set by Brazilian Central Bank.</p>

<p>Following the Bacen schedule, the next deadline is the <b>DEF for the base date of June 30, 2019, which shall be transmitted by September 30, 2019</b>9.</p>

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<h2>Penalties</h2>
<br />
<p>It is noteworthy that the failure to provide DEF or even providing false, incomplete, inaccurate information or report after deadline may result in a penalty.</p>

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